Tightening control over selling, general and administrative expenses
First written in FY2016-Q3. 8 of 29 entries say "Mitigated", first in FY2024-Q1. Latest entry: 2026-10-15.
The whole theme swung hardest in 2025: 2 of 13 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Selling, general and administrative expenses fell below the prior-year period as a result of efforts to contain expenses, primarily personnel costs, and the effect of closing 14 stores at Happiness and D during the previous fiscal year, contributing to improved earnings power.」
The effects of closing 14 stores in the previous fiscal year and control of personnel costs brought SG&A expenses below the level in the same period of the previous year, with the reduction in the SG&A burden continuing. - FY2025MitigatedAnnual report
「As a result of the effects of closing 17 stores in the previous fiscal year and efforts to control costs, mainly personnel costs, SG&A expenses were below the previous fiscal year's level, although temporary store closure costs and other expenses were recorded.」
The effects of closing 17 stores in the previous fiscal year and control of personnel costs brought SG&A expenses below the previous fiscal year's level, despite the recording of store closure costs and other expenses. - FY2025-H1MitigatedAnnual report
「As a result of the effects of closing 17 stores in the previous fiscal year and efforts to control costs, mainly personnel costs, SG&A expenses were below the level in the same period of the previous year.」
The effects of closing 17 stores in the previous fiscal year and control of personnel costs brought SG&A expenses below the level in the same period of the previous year. - FY2024MitigatedAnnual report
「The company worked to reduce fixed costs, including by downsizing its head office space. Although temporary store closure and renovation costs were incurred, SG&A expenses decreased, mainly due to lower personnel costs and store operating costs, including the effects of store closures.」
The company proceeded with fixed-cost reductions, including downsizing its head office space. Although store closure and renovation costs were incurred, personnel costs and store operating costs declined. - FY2024-Q3RestatedAnnual report
「Although store closure and renovation costs were incurred, SG&A expenses decreased, mainly due to lower personnel costs and store variable costs, including the effects of store closures.」
Although store closure and renovation costs were incurred, personnel costs and store variable costs, including the effects of store closures, continued to decline. - FY2024-Q2RestatedAnnual report
「Although store closure and renovation costs were incurred, SG&A expenses decreased, mainly due to lower personnel costs and store variable costs, including the effects of store closures.」
Although store closure and renovation costs were incurred, personnel costs and store variable costs, including the effects of store closures, continued to decline. - FY2024-Q1MitigatedAnnual report
「Although store closure and renovation costs were incurred, SG&A expenses decreased, mainly due to lower personnel costs and store variable costs, including the effects of store closures.」
Although store closure and renovation costs were incurred, personnel costs and store variable costs, including the effects of store closures, declined, reducing part of the SG&A burden. - FY2023Higher SG&A expenses due to personnel costs, utility costs, investment in human resources and DX investmentAnnual report
「Although the company worked to reduce SG&A expenses, costs increased due to the impact of the external environment, including higher personnel and utility costs. In addition, expenses related to investment in human resources and DX investment aimed at future growth increased, resulting in SG&A expenses exceeding the previous year's level.」
Although the company worked to reduce SG&A expenses, higher personnel and utility costs, together with investment in human resources and DX investment aimed at future growth, caused SG&A expenses to exceed the previous year's level. - FY2023-Q3SG&A burden from investment in human resources, utility costs and DXAnnual report
「SG&A expenses increased due to personnel costs resulting from more aggressive investment in human resources, as well as store utility costs, costs related to DX investment and other expenses.」
The company additionally identified more aggressive investment in human resources, higher store utility costs and increased costs related to DX investment as factors weighing on SG&A expenses. - FY2023-Q2SG&A burden from investment in human resources and utility costsAnnual report
「SG&A expenses increased due to higher personnel costs resulting from more aggressive investment in human resources, as well as store utility costs rising more than anticipated.」
The company stated that higher personnel costs resulting from more aggressive investment in human resources and store utility costs rising more than anticipated were factors weighing on SG&A expenses. - FY2023-Q1Increase in SG&A expenses and widening lossAnnual report
「Selling, general and administrative expenses ¥1,059.852 million ¥1,145.132 million」
SG&A expenses increased from ¥1,059.852 million in the same period of the previous year to ¥1,145.132 million, while the operating loss widened from ¥137.441 million to ¥197.379 million. - FY2022Increase in SG&A expensesAnnual report
「Selling, general and administrative expenses ¥4,238.583 million ¥4,354.299 million」
SG&A expenses increased from ¥4,238.583 million in the previous year to ¥4,354.299 million. - FY2022-Q3SG&A continues to increaseAnnual report
「Selling, general and administrative expenses ¥3,210.915 million ¥3,276.050 million」
SG&A expenses increased from ¥3,210.915 million in the same period of the previous year to ¥3,276.050 million. - FY2022-Q2Increase in SG&A expensesAnnual report
「Selling, general and administrative expenses ¥2,140.168 million ¥2,187.462 million」
SG&A expenses for the cumulative second quarter amounted to ¥2,187.462 million, up from ¥2,140.168 million in the same period of the previous year. - FY2021Higher SG&A expenses due to new store openings and increased hiringAnnual report
「Operating profit declined by ¥173.320 million from the previous fiscal year, resulting in an operating loss of ¥71.858 million. Although the company worked to reduce SG&A expenses, including by closing 8 stores decided on at the end of the previous fiscal year in response to the deterioration in the external environment, expenses were incurred for the initial costs of 5 new stores and for stepped-up hiring aimed at future growth.」
Although the company worked to reduce SG&A expenses, initial costs for 5 new stores and expenses related to increased hiring for the future were incurred, resulting in an operating loss of ¥71.858 million. - FY2021-Q1AdvancedAnnual report
「Operating results were affected by the decline in sales described above, but the gross margin improved by 0.1 percentage points from the same period of the previous year as a result of our product strategy. Together with efforts to reduce selling, general and administrative expenses, this limited the operating loss to ¥95.397 million, an increase of ¥13.201 million from the operating loss of ¥82.195 million in the same period of the previous year.」
It states that the gross margin improved by 0.1 percentage points year on year as a result of the product strategy and that efforts were made to reduce SG&A expenses. - FY2020Higher SG&A ratio due to lower salesAnnual report
「Operating profit decreased by ¥442.985 million to ¥101.462 million. This reflected the recording as an extraordinary loss of ¥114.952 million in fixed costs, comprising personnel expenses, land and building rents and depreciation expenses for stores that closed due to requests to suspend operations related to COVID-19, as well as the impact of the decline in gross profit despite efforts to reduce selling, general and administrative expenses in response to the deterioration in the sales environment. The SG&A ratio increased by 2.2 percentage points from the previous fiscal year, owing to the substantial decline in sales.」
Despite efforts to reduce SG&A expenses, the decline in gross profit led to a substantial decrease in operating profit, and the SG&A ratio increased by 2.2 percentage points. - FY2020-Q2Ongoing SG&A burden from concentrated new store openingsAnnual report
「In addition to the impact of the decline in sales described above, higher selling, general and administrative expenses associated with concentrated new store openings resulted in operating profit of ¥260.075 million, down 41.2% from operating profit of ¥443.009 million in the same period of the previous year.」
Higher SG&A expenses from concentrated new store openings, combined with lower sales, resulted in a 41.2% year-on-year decline in operating profit. - FY2020-Q1Higher SG&A expenses due to concentrated new store openingsAnnual report
「In addition to the significant impact of the decline in sales described above, higher selling, general and administrative expenses associated with concentrated new store openings resulted in an operating loss of ¥82.195 million, a ¥65.097 million wider loss than the operating loss of ¥17.098 million in the same period of the previous year.」
Higher SG&A expenses associated with concentrated new store openings, together with lower sales, contributed to the widening operating loss. - FY2019-Q3SG&A burden from the fraud investigation and improved employee compensationAnnual report
「Despite the issuance of stock options to employees as part of measures to improve employee compensation and the incurrence of the above fraud investigation costs, operating profit was ¥505.545 million, up 3.6% from operating profit of ¥487.950 million in the same period of the previous year.」
Although employee stock options were issued and fraud investigation costs were incurred, operating profit increased 3.6% year on year. - FY2019-Q2Higher SG&A expenses due to fraud investigation costsAnnual report
「In addition, the establishment of an investigative committee, including external attorneys, resulted in fraud investigation costs of ¥17.391 million, which were recorded as SG&A expenses in the cumulative second-quarter period.」
Fraud investigation costs of ¥17.391 million were recorded in SG&A expenses and were one factor behind the increase in SG&A. - FY2018Full-year confirmation of higher SG&A expenses associated with growth investmentsAnnual report
「Operating profit decreased by ¥8.816 million to ¥516.531 million, mainly because we advanced measures intended to support future growth, including higher personnel expenses resulting from actively promoting work-style reforms and higher land and building rents and other expenses from opening 4 stores in the second half, exceeding the initial plan. The SG&A ratio decreased by 0.2 percentage points from the previous fiscal year.」
Personnel expenses, land and building rents and other expenses increased due to work-style reforms and the opening of 4 stores, exceeding the plan, resulting in a 1.6% year-on-year decline in operating profit, while the SG&A ratio decreased by 0.2 percentage points. - FY2018-Q3Higher SG&A expenses due to growth investmentsAnnual report
「Operating profit was ¥487.950 million, down 3.3% from operating profit of ¥504.643 million in the same period of the previous year. This was due to increases in SG&A expenses, including personnel expenses and land and building rents, resulting from work-style reforms and new store openings undertaken with future growth in mind.」
Personnel expenses, land and building rents and other SG&A expenses increased in connection with growth initiatives including work-style reforms and new store openings, resulting in a 3.3% year-on-year decline in operating profit. - FY2017AdvancedAnnual report
「Operating profit increased by ¥374.063 million in line with the increase in gross profit, reaching ¥525.347 million. The SG&A ratio decreased by 1.8 percentage points from the previous fiscal year.」
The company reported a 1.8-percentage-point year-on-year decline in the SG&A ratio, indicating improvement in SG&A control. - FY2016AdvancedAnnual report
「Although selling, general and administrative expenses decreased from the previous fiscal year, they decreased by ¥59.466 million due to the decline in gross profit and amounted to ¥151.283 million. The SG&A ratio decreased by 0.2 percentage points from the previous fiscal year.」
The company reported progress in strengthening SG&A control, with SG&A expenses decreasing year on year and the SG&A ratio declining by 0.2 percentage points. - FY2016-Q3First statedAnnual report
「During the fiscal year, the company focused on strengthening its original Happy Candle brand products, fully launching its e-commerce business, and strengthening control over selling, general and administrative expenses.」
Strengthening SG&A control was identified as one of the key issues for the fiscal year.